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Urban Tree Value
A report out this week by TD Bank valuing the trees in the City of Toronto, in Ontario, at $7 billion adds an interesting perspective to the business of assessing timber stand value. For wood products manufacturers, it has traditionally been the logs — so naturally the trees — most conducive to making dimension lumber…
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Sierra Pacific WA Sawmill Announcement
Sierra Pacific Industries, the second-largest lumber producer in America, is assembling a site at Frederickson in southern Pierce County, WA, to build a major new sawmill that could employ as many as 200 workers. The company is in the “due diligence phase” of this project, and is investigating the potential benefits and detriments of the…
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Former Skeena Pulp Mill Site Fined
The City of Prince Rupert has been fined $50,000 by Environment Canada for the illegal discharge of chemicals into the ocean from the old Skeena Cellulose pulp mill. The city pleaded guilty last week to violating the Fisheries Act. More than three years ago a toxic product from the pulp-making process was spilled from the…
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Sawmill Fires
Kansas City, MI, firefighters responded to a two-alarm fire at an old lumber company Thursday evening. The fire broke out in the 1300 block of East 31st Street in an area filled with old pallets. Firefighters said they called for an additional alarm because the pallets had the potential of becoming a much bigger fire,…
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Apartment Absorption Rates, US
Absorption rates for new rental and for-sale multifamily homes in America were roughly unchanged at the start of 2014, according to National Association of Home Builders (NAHB) analysis of data Monday. Completions of privately financed, unsubsidized, unfurnished rental apartments in buildings with five or more units were up during 2013. A total of 132,600 such…
